USD Estimated To Be Trading In Both Directions
Posted on : 27-12-2015 | By : leeDS | In : General
Tags: forex pairs
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USD / JPY was under double action, and placed stops in the area of 89.00, lowest in recorded 88.16. The pair seems to be forming a double stop, the stock market saw mixed results in the evening. Also, the USD / CHF fell in 1.1080. USD / CAD at 1.1951 minimum recorded before they were in was under cover, where the pair reached 1.2100 thereafter. In my view, the dollar has fallen sharply to levels support, and maybe there is a technical diving. Given the U.S. economic conditions, and expectations of traders and investors expect more losses, but a retraction would be a good thing, at least for the market. Aggressive traders could sell the major currencies, but surely it is best to buy when to retreat.
The USD is estimated to be trading in both directions, since the events scheduled for today are scarce. Resistance 3: 1.5800/10 Resistance 2: 1.5780 Resistance 1: 1.5710/20 New York: 1.5271 Support 1: 1.4850 Support 2: 1.4740 Support 3: 1.4680 Comments Commerce double technical sense and the pair fell slightly. The minimum stay at 1.5200/10. The pair came under pressure. There were offers of sovereign states. He kept control over the 1.5500 sales, but it will be prudent to wait a bit. At night there was a technical trade as traders defined strategies. Liquidity was moderate.
Stops were placed in the area of 1.5700. Stay alert, come volatility. Thursday: All times EASTERN (-5 GMT) 4:30 a.m. GBP Retail Sales m / m 4:30 a.m. GBP Prelim M4 Money Supply m / m 4:30 a.m. GBP Public Sector Net Borrowing 7:01 pm GBP GfK Consumer Confidence Resistance 3: 1.4280 Resistance 2 : 1.4250 Resistance 1: 1.4200/10 New York: 1.4032 Support 1: 1.3850 Support 2: 1.3780 Support 3: 1.3720/30 Comments The pair managed to gain ground at night, but ended its decline. EURO began in New York firm in the area of 1.4080/90 and the pair was stronger at the beginning that with regard to the book are placing stops at 1.3750. A correction is likely. Several traders are taking profits despite the prevailing uncertainty. Thursday: All times EASTERN (-5 GMT) 4:00 a.m. EUR German Ifo Business Climate 4:00 a.m. EUR Unemployment Rate EUR Italian Trade Balance 5:00 a.m. The foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in all transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.